COVID 19 has forced businesses and insurance industry professionals around the world to stop and really think about Business Interruption Insurance. The pandemic has demonstrated how a major event can suddenly and dramatically restrict a businesses’ ability to operate and generate sales while continuing to pay for operating costs and mitigation efforts. Unfortunately for many businesses, the pandemic has caused them to close their doors for good.
Protection against the loss of income is often the critical element in determining whether a business can survive when disaster strikes.
The pandemic has forced BII in the spotlight and has highlighted the need to think beyond traditional approaches and recognize the broad range of risks that businesses face.
Join Nick Roper as he speaks to why Business Interruption Insurance is such an important and exciting risk going forward as well as the challenges, trends and opportunities that will arise for the insurance industry as a result.